Trutankless, Inc. - 10-Q filing on 2012-08-13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Principles of consolidation (Policies)	3 Months Ended
Jun. 30, 2012
Principles of consolidation:
Principles of consolidation	Principles of consolidation The consolidated financial statements include the accounts of Bollente Companies Inc. and its wholly owned subsidiary. On May 16, 2010, the Company acquired 100% of the outstanding stock of Bollente, Inc. On the date of acquisition, Bollente, Inc. was 2.78% owned and controlled 100% by Robertson J. Orr, a majority shareholder and officer and director of Bollente Companies Inc. and the acquisition was accounted for by means of a pooling of the entities from the date of inception of Bollente Companies Inc. on March 7, 2008 because the entities were under common control. All significant inter-company transactions and balances have been eliminated.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Principles of consolidation (Policies)

3 Months Ended

Jun. 30, 2012

The consolidated financial statements include the accounts of Bollente Companies Inc. and its wholly owned subsidiary. On May 16, 2010, the Company acquired 100% of the outstanding stock of Bollente, Inc. On the date of acquisition, Bollente, Inc. was 2.78% owned and controlled 100% by Robertson J. Orr, a majority shareholder and officer and director of Bollente Companies Inc. and the acquisition was accounted for by means of a pooling of the entities from the date of inception of Bollente Companies Inc. on March 7, 2008 because the entities were under common control. All significant inter-company transactions and balances have been eliminated.